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Inflation Reduction Act mandates escalating battery critical mineral requirements to qualify for EV tax credit

Green Car Congress

The Inflation Reduction Act , which the Senate passed last week, revamps the electric vehicle Federal tax credit of $7,500 ( earlier post ). Among the changes are an extension of the tax credit through 2032, the removal of the unit-sales cap of 200,000 per OEM, and a new mandate for qualified cars being assembled in North America.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia America’s head of corporate communications, James Bell, told Nikkei that moving EV9 production to its West Point, GA plant will enable it to qualify for a part of the EV tax credit. FTC: We use income earning auto affiliate links.

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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. USD 7,500 EV tax credit after new battery sourcing rules from the U.S. automaker to halt deliveries in late December. Treasury on Jan.

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Tesla Model 3 Performance gets official EPA estimate

Teslarati

The Performance qualifies for the Inflation Reduction Act’s (IRA) federal tax credit of $7,500. Tesla FSD comes with Navigate on Autopilot, Auto Lane Change, Autopark, Summon, Smart Summon, Autosteer on city streets, and Traffic Light and Stop Sign Control.

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Lucid Gravity to Debut at Next Month's LA Auto Show Ahead of Late-2024 Production

The Truth About Cars

The new Gravity will be unveiled at this year’s LA Auto Show in mid-November and will enter production late next year. The front end shares much of its shape and basic look with the Air, and the SUV appears to have an upright shape with sleek lighting fixtures.

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With new 58 kWh battery pack option, Hyundai IONIQ 5 to start at $39,700

Green Car Congress

Eligibility for the federal tax credit of up to $7,500 is dependent on individual tax circumstances. Android Auto & Apple CarPlay. Parametric Pixel LED lighting elements. Auto Flush Door Handles & Hidden Charge Port Door. The IONIQ 5 SE with its 77.4 kWh battery pack starts at $43,650. 19-inch aero wheels.

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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

And Tesla buyers can now get the $7,500 EV tax credit up front—if they qualify. Tesla has started applying the EV tax credit at the time of purchase —via its own website and affecting the up-front amount buyers will need to pay when buying a new Tesla. This and more, here at Green Car Reports.